BEPS Action Item 13: Using Technology to Simplify Compliance

BEPS Action Item 13 aims to improve transparency for tax authorities, advocating a three-pronged approach to transfer pricing documentation including master file, local file, and country-by-country reporting (CbCR). Since its finalization in October 2015, this action item has had a significant adoption rate, with more than 40 countries incorporating these guidelines into local law. The … Read More

Can you satisfy your BEPS CbCR and notification obligations with a spreadsheet?

The right way to deliver on your BEPS CbCR and notification obligations As countries around the world enact legislation in accordance with Action 13 of the Action Plan on Base Erosion and Profit Shifting (BEPS) set forth by the Organisation for Economic Co-operation and Development (OECD), Multinational Enterprises (MNEs) have common misconceptions — particularly when … Read More

Detecting Risks in CbC Reports in a Post-BEPS Era

The Transfer Pricing Story There are four elements to an MNE’s transfer pricing story: The CbC report The master file The local file Intercompany agreements How tax authorities detect risk in CbC reports and how MNEs can prepare Now that Country-by-Country (CbC) reporting is an integral part of the compliance process for taxing authorities and … Read More

Chris Nelson builds collaboration in Whitman County, Washington

As the IT director for Whitman County in Washington state, Chris Nelson is a rare hybrid. Not only is she an expert T2 user, Nelson is equally adept at interacting with the treasurers and assessors in Whitman and surrounding Washington state counties—thanks to diligently mapping their workflows, learning their lingo and understanding their pain points. … Read More